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Bloomberg economist: Powell's remarks today are not dovish; he is just "walking a tightrope" between political pressure and hawkishness.
On August 23, Bloomberg economist Anna Wong expressed her views on Powell's remarks, stating, "Powell's comments today are not dovish; over time, people will realize how hawkish these remarks are. (The market) has this subconscious reaction, which is later reversed, and this has happened before. He perfectly demonstrated how to 'walk a tightrope': soothing political pressures (by giving just enough hints of interest rate cuts for people to interpret as they wish), while also laying the groundwork for hawkish responses, all without revealing too much."